MozambiqueCredit Registry Regulation, rights of credit beneficiaries: access, rectification, discharge and complaint
In force since .
A data subject rights rule binding public and private bodies.
- Instrument type
- a regulation made under an act
- Obligation class
- Data subject rights, Disclosure
What it requires
- If you are a participating entity where a beneficiary or prospective beneficiary of credit holds or held credit, answer a request for clarification, updating or rectification of what the Central de Registo de Crédito holds about them in writing within ten days, and make the updates or rectifications needed; the period may be extended where a third entity must act, but tell the beneficiary in good time why the decision is not taken within it.
- When the credit responsibility behind a registry entry is extinguished, report the fact and, on the beneficiary's request, issue a letter or declaration of discharge; if you fail to, you answer for the costs the beneficiary incurs as a result.
- Let a beneficiary of credit who applied for, contracted, guaranteed or endorsed a credit with you request access to the information about them in the registry.
These lines are LexLint's reading of the law's text.
What this law does
Beneficiaries of credit have the right to access the information about them in the Central de Registo de Crédito. A beneficiary or prospective beneficiary of credit may ask the participating entity where they hold or held credit for clarification, updating or rectification of what the registry holds about them. The participating entity has ten days to give the clarification in writing and to make the updates or rectifications needed.
When the credit responsibility behind a registry entry is extinguished, the participating entity must report the fact and, on the beneficiary's request, issue a letter or declaration of discharge. A participating entity that fails to do so answers for the costs the beneficiary incurs as a result. Where the participating entity cannot clarify the matter or disagrees with its client about the registered information, the client may submit a complaint to the Banco de Moçambique. The Aviso enters into force 180 days after the date of its publication.
When LexLint raises it
When your app profile says your app provides financial services or processes personal data.
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